AVGO Options Signal $330–$380 Volatility Range: How to Trade the 350/360 Bull Call Spread

• AVGO trades at $350.25, up 0.27% intraday, with a bearish Kline pattern clashing against a bullish engulfing candle.
• Options OI favors $360 calls (13,399) and $330 puts (12,407) ahead of Friday’s expiry, hinting at a $350 pivot point.
• RSI at 39.25 and MACD -6.77 suggest oversold conditions, but Bollinger Bands show the stock is still 30% below its 200D MA.

Here’s the thing: Broadcom’s options market is painting a picture of a stock stuck in a volatility trap. Traders are hedging both sides of a potential breakout, and the technicals are screaming for a catalyst. Let’s break it down.

The OTM Options Imbalance: A Battle Between Bulls and Bears

Take a look at the $360 call (AVGO20251226C360) with 13,399 open contracts—it’s the most watched strike ahead of Friday. That’s not just noise; it’s a bullish liquidity magnet. But don’t ignore the $330 put (AVGO20251226P330) with 12,407 OI. Someone’s prepping for a 6% drop. The put/call ratio at 0.98 means both sides are equally nervous. Think of it like a tightrope: AVGO needs to clear $352.86 (intraday high) to tilt the balance toward calls, but a slip below $347.14 (intraday low) could trigger the puts.

Company News: AI Dominance vs. Debt Headwinds

Broadcom’s $20B AI revenue surge and Tomahawk 6 chip dominance are bullish, but the $65B VMware debt and EU regulatory risks can’t be ignored. The options market’s $302.85–$380.05 IV range lines up with the news—investors are pricing in AI growth optimism but hedging against margin pressures. The $330–$380 analyst target overlaps perfectly with the options’ implied range. This isn’t just a stock—it’s a high-stakes chess game between AI euphoria and debt reality.

Actionable Trades: Bull Call Spreads and Precision Entries

For options traders: The 350/360 bull call spread (AVGO20251226C350 + AVGO20251226C360) is your best bet. With AVGO near $350, this setup gives you $10 profit potential if the stock closes above $360 by Friday. It’s a 133% max payout with limited risk. If you’re bullish longer-term, the $360/400 next-week spread (AVGO20260102C360 + AVGO20260102C400) offers a 228% reward but needs a $50 pop—not impossible, but riskier.

For stock players: Buy AVGO near $341.67 (30D support) with a $360 target. If it breaks above $352.86, ride the momentum. But cut losses below $338.30 (200D support). The $347.14 intraday low is your first stop—if it holds, the bulls win; if not, brace for a test of $330.

Volatility on the Horizon: Positioning for the Storm

Broadcom’s story isn’t just about numbers—it’s about AI’s next phase and debt management. The options market is pricing in a $350 pivot, and the stock’s technicals are primed for a breakout. Whether you’re a bull or bear, the key is to trade the range, not the noise. The 350/360 spread gives you a clean way to play the upside without overexposure. And if AVGO stumbles? The $330 puts are there to catch it. This is a high-conviction setup—execute with precision, and you’ll ride the AI wave without getting burned.